ALLIANCE GLOBAL GROU

AGI
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Alliance Global Group Plan PHP410 Billion Capital Expenditure From 2020 to 2024

06/30/2019 | 09:56pm


By P.R. Venkat



Philippines Alliance Global Group Inc. (AGI.PH) is planning capital expenditure of 410 billion pesos (US$800 million) over the four years beginning in 2020.



Nearly 73% of the funds would be allocated to Megaworld Corp., AGI's property unit, which will be used to develop residential, commercial and hotels properties in the country, AGI said in a filing to the Philippine Stock Exchange.



Travellers International Hotel Group, an AGI unit which operates integrated resorts, will use nearly 15% of the money to develop its new resort.





Write to P.R. Venkat at venkat.pr@wsj.com





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